Weblog
Sep 22, 11:08 AM: Current Events and the like
A few years ago when I was taking Economic Statistics and Econometrics at Georgetown, I remember other students talking about their awesome internships at Morgan Stanley or Goldman Sachs. Most of these kids had fathers or uncles or whatnot who worked for an investment bank and had gotten them that crucial summer internship. The summer interhship of getting coffee and possibly reading the Financial Times leads to getting paid to get coffee and read the Financial Times, eventually hopefully leading to lucrative career as an investment banker.
I suppose now the tables have turned, and I’m glad that I didn’t get into that rat race. For a while I thought, what if I had really pushed myself, and tried to get a job in New York with a bank, even though I didn’t want to move to New York or work for a bank. If I had, I’d probably still have a job (for now) but would be terrified and under so much stress.
It all works out in the end, right?
I haven’t really had time to pour over the specifics of what exactly is happening, and the details of this proposed bailout. I can’t help but think this is going to potentially cause more problems than it fixes, though. Gold has been rising obscenely fast the past few days, I’m guessing on fears of serious inflation.
I predicted $1000/ounce for gold last year, but that was too premature. Maybe this year, though. I really hope not, though. For everyone’s sake.
